The awards were first presented in 1929, and winners receive a gold-plated statuette commonly called Oscar. Marie Dressler and Lionel Barrymore after winning Academy Awards for best actress and actor in 1931.

How did the Academy awards start?

AMPAS first presented it in 1929 at a private dinner hosted by Douglas Fairbanks in The Hollywood Roosevelt Hotel in what would become known as the 1st Academy Awards. The Academy Awards ceremony was first broadcast by radio in 1930 and was televised for the first time in 1953. ... The ceremony was broadcast on ABC.

Who founded the Oscars?

Founded by Louis B Mayer, head of MGM studios, in 1927, the Academy of Motion Picture Arts and Sciences was intended as a non-profit organisation with the goal of advancing the film industry. The first Academy Award Ceremony took place two years later at The Hollywood Roosevelt Hotel, on 16 May 1929.